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Energy prices down as US cancels attacks on Iran
- Brent futures traded for below $90, down 3.8%
12.06.2026
Oil
OPEC crude production drops 177,000 bpd in May
- OPEC sees lower May crude production as declines in Iran, Libya and Nigeria outweigh gains elsewhere
12.06.2026
Oil
OPEC+ output hikes fail to overcome Hormuz supply crisis
- Production increases have little physical impact as supply remains constrained by Strait of Hormuz disruption and broader production limits, experts say
12.06.2026
Oil
Oil rises as fresh US-Iran strikes fuel supply disruption fears
- Concerns over supply disruptions and falling US crude inventories support oil prices amid worsening regional tensions
11.06.2026
Oil
US crude oil inventories down 1.7% in week ending June 5
- Daily crude oil production increases to around 13.8 million barrels per day
11.06.2026
Oil